TSUBAKIMOTO KOGYO CO LTD:To merge with wholly owned subsidiary which has been engaged in the design, manufacturing and sales of machinery and equipment in Osaka, Japan, on July 1.After the transaction, the company will be the surviving company and the subsidiary will be dissolved.

Crompton Greaves Ltd:Approved new scheme of arrangement for vertical demerger of Consumer Products Business unit of CG into its wholly owned subsidiary, Crompton Greaves Consumer Electricals Limited with effect from Oct. 1.Says to implement 100 pct demerger of Consumer Products business, such that shareholding pattern of resulting consumer company shall mirror shareholding pattern of CG.Says Consumer Products Business undertaking shall be de-merged into CG's wholly owned subsidiary, Crompton Greaves Consumer Electricals Limited.Under the scheme, CG will transfer its Consumer Products Business undertaking including related businesses, undertakings, properties, investments, intangibles, contracts and liabilities into Crompton Greaves Consumer Electricals Limited.Says Crompton Greaves Consumer Electricals Limited will issue and allot to shareholders of CG as on the record date one fully paid up equity share of 2 Indian rupees each for every one equity share held in CG.Upon demerger, shareholding of CG in Crompton Greaves Consumer Electricals Limited will get cancelled and shareholding pattern of Crompton Greaves Consumer Electricals Limited will mirror shareholding pattern of CG.Says Crompton Greaves Consumer Electricals Limited will apply for listing its shares on the BSE and NSE.